Jeff Frank
Jeff Frank is Founding Professor of the Department of Economics, Royal Holloway College, University of London. This year, he is Visiting Professor at the University of
California, Berkeley and at the Kennedy School of Government, Harvard University. He has published extensively on policy issues in macroeconomics, finance and labour economics.
Papers Published in World Economics:
A Night at the Opera
This paper considers how the behaviour of the two London opera houses differs
from profit-maximisation, possibly in response to the high level of government
funding and private donations. The opera houses put on more innovative and
artistically rewarding operas than would be the case with profit-maximisation.
They also have clear access policies in offering low-price and discounted tickets.
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